According to an insider at Logan Paul’s camp, the social media influencer has reneged on his commitment to compensate investors of the collapsed CryptoZoo project. This development was relayed to Crypto Intelligence on Saturday, further exacerbating the fiasco that began when Coffeezilla, a crypto-focused YouTuber, criticized Paul and other leading figures in a video detailing the project’s failure late last December.
In his expose, Coffeezilla communicated with several aggrieved investors, who altogether suffered a multimillion-dollar loss due to the project’s disastrous outcome. After initially pointing fingers at senior advisors, Paul had pledged to reimburse some investors.
Regrettably, half a year has elapsed since Paul made this promise, and there has been no movement towards making these repayments. Furthermore, Paul has not provided any details on the current situation or how investors might claim compensation. His silence and inaction have attracted further scrutiny from Coffeezilla.
Coffeezilla divulged in a recent video that his messages to Paul regarding CryptoZoo were met with silence. Only Paul’s legal team has responded to inquiries, but even their replies offer no tangible resolution. Coffeezilla noted, “Paul hasn’t repaid his victims, hasn’t spoken about the issue since his initial promise, and worst of all, seems to lack a plan to refund anyone.”
An individual associated with both Paul and the defunct CryptoZoo venture confirmed to Crypto Intelligence News that Paul has revised his stance on compensating investors. The informant pointed out that Paul was dissatisfied with the feedback he received online after he disclosed his plan to refund investors out of his own pocket. He felt underappreciated for his gesture.
Despite attempts by Crypto Intelligence News to obtain a comment from Paul’s team, there has been no response at the time of publishing. The ongoing silence leaves the aggrieved investors with little hope for resolution or compensation.